WLC Wellco Enterprises

Wellco Enterprises, Inc. (AMEX:WLC) announces that on September 8, 2006, the American Stock Exchange (the "AMEX") gave notice to the Company that, based on the Company's Form 8-K, Current Report, filed on August 23, 2006, with the Securities Exchange Commission, the Company has resolved the continued listing deficiency referenced in the Warning Letter dated May 18, 2006 from the AMEX (the "Warning Letter") pursuant to Section 1009(a)(i) of the AMEX Company Guide (the "Company Guide"). The AMEX also gave notice to the Company that the Company has become subject to the provision of Section 1009(h) of the Company Guide. The Company's receipt of the Warning Letter was reported in the Company's Form 8-K, Current Report, filed on May 22, 2006, with the Securities Exchange Commission. CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING INFORMATION Statements throughout this report that are not historical facts are forward-looking statements. These statements are based on current expectations and beliefs, and involve numerous risks and uncertainties. Many factors could affect the Company's actual results, causing results to differ materially from those expressed in any such forward-looking information. These factors include, but are not limited to, the receipt of contracts from the U.S. government and the performance thereunder; the ability to control costs under fixed price contracts; the cancellation of contracts; and other risks detailed from time to time in the Company's Securities and Exchange Commission filings, including Form 10-K for the year ended July 2, 2005. Those statements include, but may not be limited to, all statements regarding intent, beliefs, expectations, projections, forecasts, and plans of the Company and its management. Actual results may differ materially from management expectations. The Company assumes no obligation to update any forward-looking statements.